- IRS increases the standard mileage rate for business use in 2025; key . . .
Beginning Jan 1, 2025, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 70 cents per mile driven for business use, up 3 cents from 2024 21 cents per mile driven for medical purposes, the same as in 2024
- IRS Releases New Mileage Rates for 2025 - ruderware. com
Effective January 1, 2025, the optional standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 70 cents per mile driven for business use This is an increase from the rate for 2024 The rate for medical or moving purposes in 2025 will be 21 cents per mile, unchanged from 2024
- 2025 IRS Mileage Rates | Paylocity
The IRS has provided the standard mileage rates effective January 1, 2025 For 2025, the standard mileage rate for business travel will be 70 cents per mile, an increase of 03 cents from the rate effective at the start of the year
- IRS Announces Updated Standard Mileage Rates for 2025
The Internal Revenue Service (IRS) has announced an increase in the optional standard mileage rate for business use starting January 1, 2025 This change provides taxpayers with updated rates to calculate deductible costs for vehicle use in business, charitable, medical, and certain moving purposes
- Notice 2025-5: Standard mileage rates for 2025 - kpmg. com
The IRS today released Notice 2025-5 providing the standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving purposes in 2025
- IRS Announces Mileage Rate for 2025 - HR Works
The Internal Revenue Service (IRS) announced the 2025 standard mileage rate The increase began on January 1 and raised the rate from 67 cents per mile to 70 cents per mile These rates apply to electric and hybrid-electric automobiles, as well as gasoline- and diesel-powered vehicles
- IRS releases 2025 standard mileage rates | Grant Thornton
The IRS released guidance () to provide the 2025 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical or moving expense purposes Notable rates are listed below: The 2025 standard mileage rate is 70 cents per mile, up from 67 cents per mile last year
- IRS Standard Mileage Rates for 2024 and 2025: Full Breakdown
The IRS sets a standard mileage rate each year, determining how much you can deduct per mile For 2025, the IRS has increased the standard mileage rate to 70 cents per mile — a 3-cent jump from the IRS standard mileage rates 2024, which was 67 cents per mile for business use
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